OrderFlow charts and Notes 26/09/14

General Chat Transcript

Room Name: VtrenderDate and Time: September 26, 2014 09:17:32

[08:50]r m : Good Morning folks![08:51]Porus : gm[09:05]Porus : @shai,rm hypo1 for today is a shorting trade? If price touches 8020 and falls then sell? T=7900, SL=7982[09:07]r m : @Porus, for short @8020, stop should be around 8034, pullback high around 11:30 yesterday I think, let us wait for Shai’s view[09:08]r m : however this view considers response from seller at 8020, guess one need to watch OF at 8020[09:08]Porus : yes[09:08]Manik : gm rm[09:08]r m : pre-open suggests gap down in both[09:08]r m : Hi Manik[09:12]Shai : Gm all[09:12]Porus : GM[09:12]Shai : http://vtrender.com/levels-and-plan-for-260914/[09:13]Shai : http://vtrender.com/premium/orderflow-charts-and-notes-250914/[09:16]r m : CNX IT booming agains, USDINR impact?[09:16]r m : Charts not working?[09:19]Shai : now?[09:19]r m : working now[09:20]r m : with a lag though[09:22]r m : frozen again[09:22]Shai : faulty connection today[09:22]r m : ok[09:22]Shai : trying to get it sorted[09:23]r m : Thanks[09:25]Sumit : gm everyone[09:31]r m : looks like OAIR in NF[09:33]Porus : Pls expand that.[09:35]r m : Open auction inside range[09:38]Sumit : charts gone?[09:39]r m : yes[09:39]r m : Shai facing connectivity issue[09:40]Sumit : ok[09:47]Sumit : Shai, where is red-blue larger OF in nf at this time?[09:48]Shai : test[09:48]Shai : charts back?[09:48]Shriraj : ys[09:48]r m : yes, thanks[09:48]Shai : Sumit both NF and BNF are red[09:49]r m : BNF in vaue[09:49]Sumit : yes but where is the line at this time. somewhere up in chart if you can please check[09:50]Shai : bnf bnear 15860[09:50]Shai : nf near 8060[09:50]Sumit : bnf line is 15340 approx.[09:51]Sumit : it should appear in nf soon[09:51]Shai : I have to correct that one- data is not in fully[09:51]r m : that 8100CE is climbing now[09:52]Sumit : thanks Shai[09:52]Shai : OrderFlow is positive today[09:52]Shai : No new shorts creatyed this morning[09:52]Shai : hypo 1 in NF[09:54]Shai : NF open is an open rejection reverse – running into supply near 8020[09:54]r m : ok[09:56]Porus : @shai, was there a trade there?[09:56]Porus : for us?[09:57]Shai : sellers are coming near 8010-20[09:57]Shai : Happened too fast Porus[09:58]Shai : can sell near 8004 with sl of 8022 for 7980[09:58]Shai : 50% qty trade[09:58]Shai : Higher Time frame is visible in tghe market and especially after expiry they are active[09:59]Sumit : higher time frame should take it up or??[09:59]Porus : @shai, do they look like selers or buyers?[10:00]Shai : Sumit they have been buyers so far[10:00]Sumit : ok thanks[10:00]Shai : Porus- pink would mean intra sellers[10:04]Shai : looks like a pre decided 7950- 8020 range[10:05]Shai : 90% of the time in an ORR the day low is not violated[10:05]Porus : ORR?[10:05]Sumit : open rejection reverse[10:06]Porus : 8020 will be revisited?[10:06]Shai : possible[10:07]Shai : If you see the FP chart around 7960- 68 rane are the buyers who pushed it up[10:08]Porus : yes[10:13]Porus : @shai, what is the thick blue horizontal line on the chart?[10:14]r m : developing poc, highest volume of the day traded here[10:14]Shai : http://vtrender.com/trading-room-charts-explained-3/[10:33]Shai : Nf back to test the buyers[10:36]Porus : buyers have come in again?[10:37]Shai : yes[10:38]Shai : Buy abv 7978 for 8004 with sl below 7961[10:45]Shai : For spot traders taking an overnight position a cklose abv 7925-30 will give nifty spot at 8006- 8018 amd a possible 8040 spot[10:48]Shai : There is a bounce pending in BN spot even from current levels but more importantly the immediate trend will be clear depending on the reaction at 15600- 15700 spot[10:49]Shai : In my view the low for the week was done yesterday at 15350 F and aggressive longs are in order as ;long as that low holds[10:49]Shai : ” The Objective of the imbalance was at 15385 and got achieved in today’s session in OCTF . We look to see if the selling abates at these levels tomorrow in line with a higher bounce to meet more sellers.”[10:51]Shai : we went below 385 at the open but have held that level since[10:52]Shai : the next green backed with an OF which goes plus could be our cue to dig into some 16000 ce oct[10:52]Shai : 129- 130 now[10:53]Shai : When we aree looking for a bounce from an extended move- the first thing that should confirm is price staying above vwap[10:54]Shai : Next would be price above VAL[10:54]Shai : and Finally an extension above IBH which will tell us that buyers are driving the market again[10:54]Shai : Opp of all that means seller still driving[11:03]r m : charts frozen again?[11:04]Porus : @shai, can one go long bnf intraday on basis of 15350 floor?[11:07]Porus : 15385[11:07]Manik : @rm plans ahead of long holiday?[11:08]r m : @Manik, I trade only intraday[11:09]r m : Guess Shai may have plans on writing options[11:10]Manik : 😉[11:10]Manik : not trading plans , holiday[11:10]r m : lol[11:11]r m : I am firmly entrenched in Dehradun, maybe some old friends will drop in from Delhi[11:11]Manik : good one[11:15]r m : bnf got support at 420 🙂[11:16]Shai : yes that wa sthe view given- (11:04) Porus :@shai, can one go long bnf intraday on basis of 15350 floor?[11:17]Shai : This post will tell you we close higher today – http://vtrender.com/desi-mo-mcclellans-oscillator-for-nse-25th-sep-2014/[11:23]Shai : Delta marginally positive in NF and still not very good in BNF[11:23]Shai : what it tells us is that there are no new sellers but sellers from yesterday and day before have not covered yet[11:23]Shai : charts fine now?[11:24]r m : there is a lag at times[11:24]Shai : mostly in BNF?[11:25]r m : yes, have not monitored NF, can’t see both unless it is full screen which makes fonts too small 🙂[11:27]Shai : In full screen mode?[11:28]r m : yes[11:28]Shai : When the arrows of ‘fit to screen’ point inwards and you press full screen next- you get a larger view[11:29]r m : yes, even then prices are not visible, guess one needs a large screen for that[11:30]r m : or better eyesight 😀[11:32]Shai : 20 inch is ideal but 15 would get the job done[11:32]r m : ok[11:45]Porus : @shai, for a bnf long what sould be the sl?[11:47]Shai : Buy abv vwap 15455 now with 15412 as sl[11:48]Porus : ok[11:48]Shai : tgt 15510/ 15620[11:49]Amit J : shai just trying to understand failed auction. if monday say we cross 8100. than the current low of 7941 can be a failed auction which need to be visited in 5 working day.[11:49]Amit J : am i correct[11:50]Shai : yes correct -e xcept that 7941 is not an FA[11:51]Amit J : than how do you see failure[11:51]Shai : if we had gone below 7940 by a few points and returned back inside within 30 mins then it would qulaify as an FA[11:51]Amit J : ok thanks.[11:51]Shai : condition 2 : it should hit the other extreme also before close after coming back inside[11:52]Shai : that would confirm failure downside as it was successful to go up[11:52]Shai : see 7955 last series – classic example[11:53]Porus : But downside it has to fail at VAL not DL, right?[11:53]Amit J : ok but condition is that IR should be broken by say 5-6 pts and should remain below that for 15-20 mins[11:53]Amit J : am i right now[11:53]r m : max 30 minutes, single print definition[11:54]Shai : can be broken by any number of points but has to come back inside IR within 30 minutes and go the other side of IR[11:54]Amit J : we had a single print below IRL today at 11.35[11:54]Shai : http://vtrender.com/of-failed-auctions-and-revisits-4/[11:55]r m : it was jus 2 points i think[11:55]Shai : that can be just some trades getting ticked[11:55]Shai : we are looking for a probe below which fails[11:56]Amit J : yes. ok[11:57]Shai : charts working?[11:57]Manik : no[12:03]Shai : Please bear with us for some time[12:03]Shai : we are fixing the issue[12:03]r m : sure, no issues 🙂[12:03]Manik : sure shai[12:10]r m : Angel’s rollover report – http://tinyurl.com/ml4geyc[12:46]Shai : charts up?[12:46]Chiranthan : yes[12:46]Manik : s[12:46]Shai : Imbalance tgt of the move was 7900[12:47]Chiranthan : Any Opportunity in NF now?[12:47]Shai : agressive long withb7895 as sl[12:47]Shai : tgt 7940/ 7980[12:48]Shai : agressive longs are counter trend and hence not on max qty[12:48]Shai : will get the FP charts up in a bit[12:49]Shai : Getting tick data redone on those charts as we have been hit with frequent dsruptions today[13:00]Shai : ok- all well now[13:01]Shai : “If we move above 7982 at Open then NF will go to 8020 where the seller should respond again. The imbalance target of the Move is at 7900 Oct F below 8020”- played out fully[13:02]Shai : BNF below 15350/ 385 is a source of worry[13:02]Shai : though there is no fresh eveidence of new selling below 15350[13:05]Shai : Vix 13.97- tgt was 14 by Monday 🙂[13:06]Shai : That dip in NF and BNF was used to cover shorts[13:06]r m : 14.83 is the high today[13:07]r m : bn gets sellers at vwap at first attempt[13:14]Shai : Nf buyers will book part here at vwap and trail at 7935[13:16]r m : bn on adrenaline above val![13:19]Shai : 7968 stuck buyers[13:19]Shai : hope they don’t liquidate[13:20]Shai : BNf will breathe easy above 15510[13:22]Shai : Net orderflow is positive for 1st time after 3 days[13:22]Shai : thsi still holds- (10:45) Shai :For spot traders taking an overnight position a cklose abv 7925-30 will give nifty spot at 8006- 8018 amd a possible 8040 spot[13:25]Shai : (12:47) Shai :agressive long with7895 as sl. (12:47) Shai :tgt 7940/ 7980[13:25]Shai : 7962 tsl tgt 8004 abv 7980[13:27]Mandar : Shai. where does one get that “whip”:-)?[13:28]Shai : which whip?[13:28]r m : one which you use to drive the markets 😀[13:28]Shai : http://vtrender.com/wp-content/uploads/2014/09/NF_vol_at_price_11.png[13:28]Mandar : haha…[13:28]Shai : Take 10 mins in the evening to look at these charts[13:29]Shai : 8020 was the big seller and 7980 was VAL[13:29]Shai : when a mkt is trending down pdl and val become imp[13:29]Mandar : ok[13:29]r m : ok, thanks[13:30]Shai : 8020 was -186[13:30]Porus : yes thanks for sharing[13:30]Shai : the number is not imp- but it was the heaviest selling ebfore the market came down[13:31]Shai : Welcome Porus 🙂[13:32]Amit J : and that seller was standing since morning[13:33]Shai : yes and hence hypo 2 if he would have covered[13:33]r m : yeah, these guys are like Moghal kings, won’t abdicate untill killed 🙂[13:34]r m : cnxit came down70 points to accomodate the stranded buyers in NF and BNF? 🙂[13:34]Shai : BTW the charts are posted by about 4- 5pm every evening[13:35]Shai : don’t eneter the markets without having a look at the previous day’s activity and a plan[13:37]Shai : Friday close- Orderflow is not heavily long and seller still standing[13:38]Porus : @shai, where is that 8020 seller on the chart?[13:39]r m : delta -186 at 8020 in that link given above[13:39]r m : largest in the day[13:41]Porus : @rm, is this today’s chart?[13:42]r m : no yesterday’s (13:28) Shai :http://vtrender.com/wp-content/uploads/2014/09/NF_vol_at_price_11.png[13:42]Porus : @rm, is the seller still standing today?[13:42]r m : yes, we could not get aove 8020 in morning[13:43]r m : high is 8018[13:43]Kathir : Hi shai RM all friends[13:43]r m : Hi Kathir 🙂[13:44]Porus : @rm, so if we scroll up todays chart, the seller will be visible?[13:44]Shai : yes in today’s chart it is all red above 7980[13:45]Shai : abv 7988*[13:45]Porus : so are we guessing that it is the same seller?[13:46]Shai : Could be different but we identify it as supply[13:46]Porus : ok, understood[13:47]Shai : some1 somewhere in the TA world gave importance to that level and chose to sell heavily there and we just spot it and trade[13:48]Narendra : bnf above val any trade[13:48]Shai : long trade abv 510 for 610/ 660[13:51]Sharad : Good Afternoon every one[13:52]r m : Hi Sharad[13:52]Sharad : BNF delta is positive[13:52]Sharad : Hi RM[13:52]Shai : yes NF is moving in and out[13:53]Sharad : Shai can not see even delat and current price togeather in one screen in BNF[13:53]Sharad : can reduce some past data[13:54]Sharad : wow delta near current price is good[13:55]Sharad : i am long now in BNF[13:58]Sharad : SL ?[13:58]Kathir : sl for bnf long now[13:59]Shai : Sl is VAL[13:59]Shai : 15450[14:00]Sharad : ok thanks[14:00]Shai : welcome 🙂[14:00]Kathir : ok[14:02]Narendra : shai told once the best trade r when its below vwap[14:02]Narendra : from 7910 to 7980[14:02]Shai : supply coming in NF[14:06]Sharad : SL hit[14:10]Kathir : @rm past 1 month FII SELLERS is it?[14:12]r m : they covered most of their index shorts yesterday, still were net short in the last series[14:14]r m : vwap holding so far[14:14]r m : looks like 2:30 coulld be red again?[14:15]Kathir : @rm ok thanks[14:15]r m : welcome[14:16]r m : S&P trading lower than 14th sep lows[14:17]Kathir : @rm hope you remember OI[14:17]Kathir : obedience index[14:18]Kathir : :}[14:18]r m : 🙂[14:18]Kathir : nf followed but bnf not[14:18]Manik : hmmm[14:18]Manik : 😉[14:18]Kathir : @manik :}[14:20]r m : both delta negtive now, though BNF is mildly so[14:21]Shai : yes[14:21]Shai : long trades not working at the highs[14:22]Shai : that delta is increasing showing sellers getting agressive again[14:22]r m : @Shai, now that we have FP, the buy sell bars on left side are redundant?[14:23]Shai : It will show the same[14:23]Shai : FP calculates the difference[14:23]r m : ok[14:24]Shai : wild movement today-[14:24]Shai : situation moving 50 points in 20 mins[14:24]Shai : (14:02) Shai :supply coming in NF[14:25]Sharad : Shai is it supply or threat? why then price moves up again[14:26]Porus : @shai, the big supply at 7954 is intact. So small volumes driving the move?[14:26]r m : buyers at 7930-40, the blue bars getting back there[14:29]r m : red galores![14:35]r m : delta be damned, BN does not want to give up 🙂[14:36]Amit J : snp outlook upgrade[14:36]Amit J : mkt will rally[14:36]r m : ok[14:36]Amit J : sharp shrt covering[14:43]Amit J : @shai. now is it a failed auction? sorry to ask again but just trying to understand the concept[14:43]Shai : Going neutral day[14:44]Shai : No again not failed as it was below 8040 for more than 30 minutes[14:44]Shai : time waise got accepted below 7940[14:44]Shai : Please feel free to ask Q any number of times[14:46]Amit J : ok thanks. now i am clear[14:46]r m : @Shai, NF more possibility of Neutral centre or extreme?[14:47]Shai : sellers came then-(14:25) Sharad :Shai is it supply or threat? why then price moves up again[14:48]Shai : Can’t say RM- 8004 ref[14:49]r m : Thanks[14:49]Shai : (14:36) Amit J:snp outlook upgrade[14:49]Shai : (14:36) Amit J:mkt will rally[14:53]Shai : way beyond vwap[14:53]r m : bnf did the 80%, it just wants an excuse for doing 80% even next to a trend day![14:54]Amit J : shai any view from here[14:54]Mandar : S&P upgrades India? any conformation?[14:54]Shai : Bias neutral now from bearish[14:54]Shai : Over to RBI on tues[14:54]Shai : Mkt should be quiet on Mon[14:56]Shai : -88 in NF at highs[14:56]Shai : longs are not in it[15:00]Chiranthan : What does that mean?[15:00]r m : @Mandar, no confirmaton but news – (13:28) Shai :http://vtrender.com/wp-content/uploads/2014/09/NF_vol_at_price_11.png[15:00]Mandar : 0k[15:01]r m : oops -http://tinyurl.com/q6w3rgc[15:01]Shai : Chiranthan short covering[15:01]Chiranthan : ok[15:06]Shai : Sellers in BNF[15:06]Shai : spot went to 7993[15:07]r m : @Shai, if it was not friday we could have bought PE based on that negative delta in NF?[15:07]Shai : yes[15:07]Shai : Looks like neutral extreme now[15:07]Chiranthan : Continue to hold 8100 ce?[15:07]Shai : Chiranthn close in next 10 mins[15:08]Chiranthan : ok[15:08]r m : Thanks, that FP chart will make things simpler 🙂[15:08]Shai : we may get a sip and then a rise again[15:08]Shai : *dip 🙂[15:09]r m : take a sip at the dip 🙂[15:09]Shai : Lots of puts will come on Monday morning if we don’t open abv today’s highs[15:10]r m : now that 8020 will be a support? or not enough volume there?[15:11]Shai : 8020 a supp now[15:12]r m : Thanks[15:13]Mandar : Shai, possiblity of new high in nifty above 8110?[15:14]Shai : Mandar my view remains a 7900- 8300 market for the rest of the year with a possibility of a rally in dec to 8550[15:14]Mandar : ok[15:16]Shai : Neutral extreme day in BOth[15:16]Shai : Today’s highs are important for Mon[15:16]Shai : An open above today’s highs is only continuation else we dip to today’s vwap[15:18]Shai : This went bad today in BNF- (14:06) Sharad :SL hit[15:18]Shai : If only the s&p news had come 40 mins earlier 🙂[15:19]r m : it was that Girish’s patented swipe which comes before many big moves![15:20]Shai : Spot traders- 7995 cross on Mon will give 8047 and 8113[15:25]Shai : t[15:26]r m : Zerodha launching their own trading platform soon, they call it “Pi”[15:27]Shai : ok[15:27]Shai : that’s good[15:27]Shai : anything new?[15:27]r m : still on the works but they have included the bridge to take data to amibroker, ninjatrader and other trading platforms[15:28]r m : to make sem auto trading possible[15:28]Shai : ok[15:28]Anay : https://www.youtube.com/watch?v=Pd66QOQwykQ[15:29]r m : nf delta at lowest in the day[15:30]Shai : that’s the serodha pi?[15:30]r m : yes[15:30]Shai : Delat not supportive of an upmove[15:30]Shai : on Mon[15:30]Anay : yes[15:30]Anay : ok[15:31]r m : Thanks and bye folks, have a great weekend 🙂[15:31]Shai : Bye all[15:31]Mandar : bye all.[15:31]Anay : bye all[15:31]Shai : Enjoy the weekend[15:31]Porus : bye[15:31]Chiranthan : Bye all